Bus Tickets - Georgia | Statista Market Forecast

It is projected that the Bus Tickets market in Georgia will generate a revenue of US$1.74m in 2024.
With an expected annual growth rate (CAGR 2024-2029) of 4.32%, the revenue is projected to reach US$2.15m by 2029.
The number of users in this market is expected to rise to 91.62k users by 2029.
The user penetration rate is projected to be 2.3% in 2024 and 2.5% by 2029.
The average revenue per user (ARPU) is expected to be US$20.57.
Furthermore, 73% of the total revenue in the Bus Tickets market is expected to come from online sales by 2029.
It should be noted that in a global comparison, China is expected to generate the highest revenue in this market, with a projected revenue of US$5bn in 2024.
Georgia's bus market is experiencing a shift towards eco-friendly options, with an increase in demand for electric and hybrid buses.

Definition:

The Bus tickets market consists of tickets for long-distance travel or cross-regional travel by bus or coach. This includes country-specific providers of bus transport, e.g., Eurolines, National Express and Greyhound. As a rule, travel for single passengers and groups or time-limited subscription-based travel can be booked up to a year in advance. Tickets for public transport, for within a city or other local travel are not included.

Additional Information:

The main performance indicators of the Bus tickets market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Tickets for long-distance travel or cross-regional travel by bus or coach
Time-limited subscription based travel
Line service and regular, scheduled bus service
All online and offline booked long-distance bus tickets regardless of the purchase channel

Tickets for public transport, for within a city or other local travel
Bus trips that are organized as an excursion or specifically for a travel group

The Buses market in Georgia is experiencing significant growth and development. Customer preferences in the Buses market in Georgia are shifting towards more sustainable and environmentally friendly options. Customers are increasingly looking for buses that are fuel-efficient and emit lower levels of pollution. This trend is driven by a growing awareness of the environmental impact of transportation and a desire to reduce carbon emissions. Additionally, customers are also demanding buses that are comfortable and equipped with modern amenities such as air conditioning and entertainment systems. Trends in the Buses market in Georgia indicate a rising demand for electric buses. As the government and private companies in Georgia are actively promoting the adoption of electric vehicles, the market for electric buses is expanding. Electric buses offer several advantages over traditional diesel buses, including lower operating costs and reduced environmental impact. The increasing availability of charging infrastructure and government incentives for electric vehicle adoption are further driving the demand for electric buses in Georgia. Another trend in the Buses market in Georgia is the growing popularity of minibuses. Minibuses are smaller in size compared to traditional buses and are suitable for navigating the narrow streets and congested traffic conditions in urban areas. These minibuses offer a more flexible and efficient mode of transportation, especially for shorter distances. The demand for minibuses is also fueled by their affordability and lower maintenance costs compared to larger buses. Local special circumstances in Georgia contribute to the development of the Buses market. The country's geography and terrain, with its mountainous regions and challenging road conditions, require buses that are durable and capable of navigating difficult terrains. Additionally, the government's focus on improving public transportation infrastructure and reducing traffic congestion has led to increased investments in the Buses market. The government has implemented various initiatives to modernize the public transportation system, including the introduction of new bus routes and the replacement of older buses with newer, more efficient models. Underlying macroeconomic factors also play a role in the development of the Buses market in Georgia. The country's stable economic growth and increasing disposable income levels have contributed to the rising demand for buses. As the economy continues to grow, more people are able to afford private transportation, leading to an increased demand for buses. Additionally, the government's focus on developing the tourism industry has also boosted the demand for buses, as tourists require reliable and convenient transportation options to explore the country. In conclusion, the Buses market in Georgia is witnessing growth and development driven by customer preferences for sustainable and comfortable buses, the increasing demand for electric buses, the popularity of minibuses, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, it is expected that the demand for buses in Georgia will continue to grow, creating opportunities for both domestic and international bus manufacturers.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of bus tickets.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

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